Why if you want to buy this institutionally would you not just set a limit and accumulate. Someone has timing knowledge.i get the blocks argument.
why isn't that the case here? 'tutes places an order for 125kshr sub 12; mm runs the stock down from 12, runs the stops, and keeps the stock pinned sub 12 for 2 days to accumulate and fill the order
someone placed an order for 125k shrs when the stock was in the mid 12's; mm ran the stock to fill the order
now, is it a tute or a cover?
more importantly, someone covered or bought 1% of the total company in one trade and I refuse to believe that happened without someone knowing something
poster on iv said it was a late posting from a previous trade during the day which is totally ridiculous
that trade didn't happen during the day; it took 2 days to accumulate the shrs to fill the order
Sentiment: Strong Buy